According to Inkwood Research, the Global Newcastle Disease Vaccine Market is expected to grow at a CAGR of 8.80% over the forecasting period of 2023-2032.
“Browse 11 Market Data Tables and 25 Figures spread over 153 Pages, along with an in-depth TOC on the Global Newcastle Disease Vaccine Market Forecast 2023-2032.”
The growth of the global Newcastle disease vaccine market is primarily attributed to government support for animal health research and increasing awareness among farmers regarding the advantages of vaccination programs. However, stringent regulatory guidelines and insufficient diagnostic facilities pose potential challenges to market growth.
One of the infectious diseases that has a significant economic impact on the poultry business is Newcastle disease (ND). Chicken and other poultry animals’ respiratory, gastrointestinal, neurological, reproductive, and immunological systems can suffer from severe tissue lesions and significant mortality rates from the highly virulent Newcastle disease virus (NDV).
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Increasing Disease Outbreaks Boosts Global Newcastle Disease Vaccine Market Growth
Poultry diseases are mostly viral and spread from one to another. Producers keep many animals together, leading to high exposure of these animals to diseases that can spread among them. Between May 2018 and May 2020, the United States Department of Agriculture (USDA) identified 476 confirmed positive premises in California infected with virulent Newcastle disease (ND), which included four commercial premises. This leads to increased demand for vaccines, which act as a measure to avoid the mass spreading of diseases and reduce or control them.
Asia-Pacific: Expected to Rise with the Highest CAGR by 2032
China has a significant market for poultry foods, and thus prevention as well as control of avian diseases is of utmost importance. Additionally, consumer demand for poultry meat has further encouraged producers to maintain livestock in the region, thus bolstering the market growth in the Asia-Pacific.
Strong competition is expected in the global market during the anticipated years. Also, some of the major enterprises operating in the global Newcastle disease vaccine market include Merck Animal Health, Zoetis, Ceva Sante Animale, etc.
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